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Oceanfreight Inc

OceanFreight Inc. Announces Date for the Release of Third Quarter Results

OceanFreight Inc. (NASDAQ: OCNF), a NASDAQ listed bulk shipping company announced that it will release its results for the third quarter period ended September 30, 2007 after the close of the market in New York on Wednesday, October 24, 2007. The declaration of the Company’s dividend for the third quarter of 2007 will also be announced at that time. On Thursday, October 25, 2007 at 8:00 A.M. EDT, the Company’s management will host a conference call to discuss the results.

DryShips and OceanFreight Complete Merger


DryShips Inc. (NASDAQ: DRYS) and OceanFreight Inc. (NASDAQ: OCNF) announced today that following approval by OceanFreight's shareholders at a special meeting, the companies have completed the merger and OceanFreight has become a wholly-owned subsidiary of DryShips. Under the terms of the merger agreement, OceanFreight shareholders will be entitled to receive $11.25 in cash and 0.52326 of a share of common stock of Ocean Rig UDW Inc

Keppel Philippines Appoints New Execs.

Keppel Corporation Ltd.'s Group Finance Director, Teo Soon Hoe has been appointed Chairman of Keppel Philippines Holdings, Inc (KPH), following the retirement of Loh Wing Siew. Charles Foo, who currently serves as the managing director of Keppel Hitachi Zosen, will assume Loh's post as Chairman of Keppel Philippines Marine, Inc (KPMI) and Subic Shipyard and Engineering Inc (SSEI). Kevin Wong, who is the executive director and managing director of Keppel Land Limited (Keppel Land) in

Woodland Support Cycling Submariners

Woodland International Transport got on its bike to sponsor a team of engineering undergraduates by shipping their pedal-powered submarine to and from the United States. Inspired by penguins' swimming technique, the University of Bath students created a submarine called the SeaBomb, powered by a pilot who pedals on a machine similar to an exercise bike. Woodland shipped the vessel to the USA where it participated in the 9th International Submarine Races

OceanFreight Inc. New Charter

OceanFreight Inc. (NASDAQ: OCNF), a global provider of seaborne transportation services for both drybulk and energy commodities, announced a new charter for the recently acquired 180,000DWT, 2005 built capesize vessel. Upon delivery, the vessel will be renamed M/V Montecristo and will commence employment on a time charter for a minimum period of four years at a gross rate of $23,500 per day and a maximum of eight years at an average gross rate of $24,125 per day for the optional period.

CEVA Holdings 2Q, 2014 Results

  CEVA Holdings LLC, one of the world’s leading non‐asset based supply chain management companies, today reported results for the three months ended 30 June 2014.   Xavier Urbain, CEO of CEVA, said, “Our performance improvement coupled with the strong increase in our new business pipeline points to the company being on the right track for growth. Since joining CEVA in January, I have focused on strengthening the executive management team

Gilman Named DMT Chairman of the Board

Deep Marine Technology, Inc. announced the election of Bruce C. Gilman to Chairman of the Board. A businessman with CEO level management expertise, Gilman’s four decade Subsea Career is highlighted with professional accomplishments such as President of both Perry Offshore & Oceaneering International Inc.; President and Founder of Sonat Subsea Services; President, CEO & Director of Sonsub Inc., and Chairman and President of Saipem Inc., the US Subsidiary of Saipem SpA.

OSMA Elects New Officers

The Offshore Marine Service Association (OMSA) has elected Andy Brauninger, president of Seabulk Offshore, Ltd., as chairman of the board and Milton Rose, president of SEACOR Marine, Inc., has been elected vice-chairman of the association. OMSA’s new secretary/treasurer is Minor Cheramie, Jr., president of L&M Botruc Rentals, Inc. Also elected to the OMSA board of directors are: Van C. De Witt, vice-president and COO of Sea Mar Management, Inc

Lloyd's Register New Regional HQ, Houston

Lloyd’s Register Americas, Inc. has moved its Houston-area operations to a new regional headquarters to capitalise on the growing opportunities arising from the new regulatory regime in the Gulf, a thriving merchant marine business and concerns about global warming.   The move, which has consolidated five separate businesses under one roof, responded to greater market demand for integrated technical solutions in the increasingly interdependent and complex marine and energy sectors

Free Research Reports on Selected Companies by Analysts' Corner

Analysts' Corner release new research reports highlighting Trinity Industries, Inc., Nordic American Tankers Limited ), J.B. Hunt Transport Services, Inc., SEACOR Holdings, Inc.), and DryShips Inc. Readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below. Trinity Industries, Inc. Research Report Available at: [ ]

MARAD to Fund Study on LNG Conversions

Midnight Sun will be converted to dual fuel LNG propulsion starting in December 2015 (Photo: TOTE)

MARAD provides funding to further study LNG as marine fuel for containerships The U.S. Maritime Administration (MARAD) announced it has entered a $900,000 cooperative agreement with Totem Ocean Trailer Express Inc. (TOTE) to study the costs and benefits of converting vessel to liquefied natural

MN 100: FloScan Instruments, Inc.

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The Company: FloScan is a Seattle-based corporation that designs and manufactures its products in the United States. With worldwide sales at an all-time high, FloScan Fuel Monitoring Systems are in use on a wide range of diesel powered commercial vessels on every continent including ocean-going

PCCI to Provide Revised Crane Load Chart

PCCI facilitates efficient environmental and regulatory compliance.

  PCCI, Inc. of Alexandria, Virginia, was awarded a contract by the Department of Transportation/U.S. Maritime Administration (MARAD) to provide a new, revised and certified crane load chart for the self-propelled crane barge “MARY ANN”.

Eastern Launches Tug for Suderman & Young

Triton (Photo: Eastern Shipbuilding Group)

Eastern Shipbuilding Group, Inc. announced it has launched escort tug Triton for Suderman & Young Towing Company on September 11, 2015.   The launch ceremony was held at Eastern’s Nelson Street facility and hosted by Joey D’Isernia, President of Eastern

Shipbuilding: Crowley's First LNG ConRo Ship on Schedule

Image: Crowley

Construction of the first of two liquefied natural gas (LNG)-powered, combination container – Roll-On/Roll-Off (ConRo) ships for Crowley Maritime Corporation’s liner services group is now 25 percent complete, the company announced.

New President, CEO at Rickmers-Linie America

© Rickmers

Rickmers-Linie, the Hamburg-based specialist for liner services in breakbulk, heavy lift and project shipping, has appointed Wouter Huybrechts as the new President and CEO of Rickmers-Linie (America) Inc.    Huybrechts took over for CEO and President Waldemar Poulsen

Sea Trials Delayed for Gerald Ford

Aircraft carrier Gerald R. Ford (CVN 78) in November 2013 (Photo by Chris Oxley / HII)

The sea trial schedule for the aircraft carrier USS Gerald R. Ford has been delayed six to eight weeks after shipboard tests fell behind schedule, the U.S. Navy said on Tuesday. The aircraft carrier, being built by Huntington Ingalls Industries Inc

Caterpillar May Cut up to 10,000 Jobs

Caterpillar Inc said it could cut up to 10,000 jobs through 2018 as part of its restructuring and cost reduction plans to save up to $1.5 billion annually. The company said on Thursday that it would cut 4,000-5,000 jobs by the end of 2016, most of them in 2015.

US to Sell Offshore Leases for New Jersey Wind Farms

Interior to auction 344,000 acres offshore New Jersey for wind energy development; 13 energy companies qualified to bid in lease sale   As part of President Obama’s Climate Action Plan to develop domestic clean energy resources, cut carbon pollution and create American jobs, U.S

Scorpio Services Holding Ups Stake in Scorpio Bulkers

Photo: Scorpio Bulkers

Scorpio Bulkers Inc. announces purchase of 1,436,352 common shares by Scorpio Services Holding Limited    Dry bulk commodities shipper Scorpio Bulkers Inc. announced today that Scorpio Services Holding Limited has purchased an aggregate of 1,436

MN 100: Cummins Marine, Inc.

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The Company: Global power leader Cummins, Inc. is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems

Dredging Contract Awarded for Corpus Christi LNG Terminal

U.S. dredging services provider Great Lakes Dredge & Dock Corporation announced it was awarded a contract for work on an export terminal under the development of Corpus Christi Liquefaction, LLC (CCL).   CCL, a subsidiary of Cheniere Energy, Inc

Transas Support for Philippines MET

Simulator Courtesy Philippine Lifesaving Equipment Inc.

  The rapid growth and development of the Philippine maritime training market caused a dramatic increase in demand for state-of-the-art simulation systems compliant with the latest MARINA and CHED training requirements. Being the leading provider of the maritime simulation and training

Construction Begins on Matson’s Aloha Class

Image: Matson

Matson, Inc., a U.S. carrier in the Pacific, announced that production has begun on its two new Aloha Class containerships following a steel cutting ceremony at Aker Philadelphia Shipyard Inc. (APSI) in Pennsylvania.   Matson subsidiary Matson Navigation Company, Inc

Matson Closes $75mln Debt Private Placement

Matson, Inc., a U.S. carrier in the Pacific, announced today the issuance of $75 million in 30-year final maturity senior unsecured notes pursuant to a previously announced private placement on July 30, 2015. The notes will have a weighted average life of approximately 13 years and will

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